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Helmerich & Payne Bullish Moving Average Crossover Alert (HP)

By Shiri Gupta

Helmerich & Payne (NYSE:HP) crossed over its 10-day moving average of $65.82 on a volume of 321K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Helmerich & Payne has traded in a range of $40.02 to $79.90 and is now at $65.95, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Helmerich & Payne and will alert subscribers who have HP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses helmerich & payne

Ticker(s): HP